Turnover, uncontrolled, can run havoc in an organization. But it can be reduced.
Here are 4 effective ways to do it:
- Understand why it is occurring. Analyze your existing turnover: when it is occurring and where it is occurring. Once you know this you can develop strategies to correct.
- Develop your managers. When you have strong managers who know how to treat people, turnover goes away. Training is the most effective tool in reducing turnover. Remember, employees don’t quit companies; they quit bosses.
- Find out why your people are staying. When you know why your good people are staying, you build upon this. Conduct annual employee engagement surveys.
- Hire better. Much of turnover comes from poor selection. Hire people who fit.
Put in place these strategies and you will begin to see your turnover drop.